External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul><li>The CAD is heading for a fourth, consecutive lower weekly close on the USD, although the USD may end today well below its high point of the week reached on Tuesday.</li><li>It’s summertime, and markets are thin which may help explain the CAD’s recent disappointing performance.</li><li>Local USD sellers have emerged to take advantage of this week’s USD’s advance this week and place hedges. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The CAD is heading for a fourth, consecutive lower weekly close on the USD, although the USD may end today well below its high point of the week reached on Tuesday.It’s summertime, and markets are thin which may help explain the CAD’s recent disappointing performance.Local USD sellers have emerged to take advantage of this week’s USD’s advance this week and place hedges. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Stretches Undervaluation

External broker reports, Nordea

Nordea

External broker reports

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul><li>In September, issuance and QT in SGBs ramps up to more than 9 bn/month from nothing during the holidays.</li><li>Reduced ECB buying and a rate hike pause while long-term inflation expectations rise suggest "risk-premium".</li><li>Tighter covered spreads=True</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In September, issuance and QT in SGBs ramps up to more than 9 bn/month from nothing during the holidays.Reduced ECB buying and a rate hike pause while long-term inflation expectations rise suggest "risk-premium".Tighter covered spreads=TrueContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SEK rates weekly: Bond issuance about to level up

<ul><li>In recent months, investors and economists have marked down the probability of a recession, after growth has surprised on the upside and inflation has surprised on the downside.</li><li>This has fueled equity prices, lifted interest rates , and weighed on the US dollar.</li><li>Put together, it looks like the perfect picture of a soft landing – everyone is getting exactly what they want – slowing inflation and a strong economy.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In recent months, investors and economists have marked down the probability of a recession, after growth has surprised on the upside and inflation has surprised on the downside.This has fueled equity prices, lifted interest rates , and weighed on the US dollar.Put together, it looks like the perfect picture of a soft landing – everyone is getting exactly what they want – slowing inflation and a strong economy.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The USD is drifting a little lower ahead of this morning’s key data releases.</li><li>The 8.30ET round brings US weekly claims (expected up slightly at 230k) and July CPI.</li><li>The monthly rise in inflation is expected to be moderate 0.2% M/M but the pace of headline inflation is expected to push higher from June’s 3.0% to 3.3%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The USD is drifting a little lower ahead of this morning’s key data releases.The 8.30ET round brings US weekly claims (expected up slightly at 230k) and July CPI.The monthly rise in inflation is expected to be moderate 0.2% M/M but the pace of headline inflation is expected to push higher from June’s 3.0% to 3.3%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Slips Modestly Ahead of CPI

<ul><li>The CAD has been one of the weaker performers over the course of the week but is heading into the long weekend here with a marginal loss against the USD of just over 0.2%.</li><li>That 0.2% still counts though and the CAD has been under pressure for much of the week after looking well bid and testing USD support around 1.3150 on Monday.</li><li>The CAD’s performance has been undercut by a mixture of factors but the broader market volatility around Fitch downgrade of the US” sovereign credit rating rattled the CAD a little as risk appetite weakened and, absent any compelling reason to buy, investors remain sidelined. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The CAD has been one of the weaker performers over the course of the week but is heading into the long weekend here with a marginal loss against the USD of just over 0.2%.That 0.2% still counts though and the CAD has been under pressure for much of the week after looking well bid and testing USD support around 1.3150 on Monday.The CAD’s performance has been undercut by a mixture of factors but the broader market volatility around Fitch downgrade of the US” sovereign credit rating rattled the CAD a little as risk appetite weakened and, absent any compelling reason to buy, investors remain sidelined. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Finds Support in the High 1.33s

United States

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

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CAD Weekly Outlook - CAD Stretches Undervaluation

The CAD is heading for a fourth, consecutive lower weekly close on the USD, although the USD may end today well below its high point of the week...

Scotiabank

SEK rates weekly: Bond issuance about to level up

In September, issuance and QT in SGBs ramps up to more than 9 bn/month from nothing during the holidays. Reduced ECB buying and a rate hike pause...

Nordea

Macro & Markets: Soft landing dreams

Fading recession risks.In recent months, investors and economists have marked down the probability of a recession, after growth has surprised on...

Nordea

FX Daily - USD Slips Modestly Ahead of CPI

The USD is drifting a little lower ahead of this morning’s key data releases. The 8.30ET round brings US weekly claims (expected up slightly at...

Scotiabank

CAD Weekly Outlook - CAD Finds Support in the High 1.33s

The CAD has been one of the weaker performers over the course of the week but is heading into the long weekend here with a marginal loss against...

Scotiabank

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